Zurich

1 Results

Doing business in Zurich: Trends to watch out for

READ MORE

Doing business in Dubai: Trends and developments to keep an eye on

Doing business in Dubai: Trends and developments to keep an eye on Dubai has become an increasingly desirable location in which to live and work, with a competitive and diverse business landscape. New developments announced by the government look set to continue the emirate’s upward trajectory as a fully-fledged global business capital, and at Swisslinx we’re excited to continue expanding in this part of the world. With exciting developments in tech entrepreneurship, oil and gas movements and a booming finance sector, there’s plenty to keep an eye on. Here are some of our highlights: A growing market As the biggest re-exporting centre in the Middle East, Dubai’s economy has become more dynamic and diversified in recent years, with international trade growing at an average of more than 11% each year since 1998. The emirate also recorded 41% year-on-year growth in foreign direct investment in 2018, creating around 25,000 new jobs and reflecting investors’ optimism in the future of the local economy. As the leading hub for finance and transportation in the Gulf Cooperation Council, Dubai is also ranked in the first quartile for business activity, human capital, information exchange and cultural exchange. It hosts the headquarters for most major international corporations based in the GCC and is an international tourism destination, with entrepreneurship and private investments beginning to emerge to shape a culture of innovation. Alongside that, the UAE has reached the 11th rank in the World Bank’s Ease of Doing Business list for 2019 thanks to its modern infrastructure, supportive legislature and access to networking opportunities. Put simply, the Dubai business market is expanding in many different directions, making it an exciting time to be doing business in this part of the world. The emergence of tech entrepreneurship Early-stage start-ups make up nearly half of all companies registered in Dubai, according to Dubai Statistics Sector, with accelerators and incubators emerging at pace. The UAE sees high levels of commitment from the government and independent programmes to support the tech ecosystem, with Dubai Future Foundation and Dubai Future Accelerators supporting growth in innovation. Alongside incubators are initiatives such as the STEP Conference and GITEX Technology week, providing entrepreneurs and start-ups with the ability to showcase their work and engage with investors. Banking and finance gain steam The financial services market has long been a key pillar of Dubai’s economy, and this shows no sign of abating. So far this year we’ve seen the launch of a project aimed at providing 1,500 banking and finance jobs to Emirati citizens within 100 days and plans to triple the size of Dubai’s financial district (DIFC). This expansion is part of a move to cement Dubai’s position as an economic and commercial hub for the region, adding 13 million square feet to the existing Dubai International Financial Center. The DIFC investment hub is already high-performing, reporting its best-ever year for new company registrations in 2018 with a total of 437 new registrations. This saw an 11% rise in net profits for the year, taking the number of registered financial companies to 625. Transformation is ongoing within the UAE banking sector, with banks operating with high capital and a positive outlook for the sector both now and into the future. Oil and gas continues to recover As a major oil and gas hub globally, it’s no surprise that the UAE’s presence in this sector remains strong. After a well-documented price slump in late 2014 the market has recently shown continued stability with the current brent crude price averaging USD $67 - $71. The sector has seen a recent increase in exploration investment, demonstrating a renewed confidence in the market. The GCC has USD $835bn worth of active oil and gas construction projects underway currently. Development of the region’s major players is ongoing. Aramco has announced an expansion into international oil and gas exploration, likely putting them in direct competition with Exxon Mobil and Royal Dutch Shell, while ADNOC is actively seeking venture partners for its 2030 growth strategy. Such large-scale projects and ongoing investment in oil and gas suggests a burgeoning employment space for both local and international candidates. How Swisslinx can help you Established in 2007, our Dubai office has a focus on the Banking & Finance, Technology and Oil & Gas sectors in the Middle East and North Africa. Based in the DIFC, we have access to the huge number of opportunities available to clients and candidates here, keeping ahead of updated and trends within this part of the market. Our multilingual team of specialists are considered experts in their respective markets and have experience in recruiting for all levels of seniority up to and including C-Suite and Board Level. Our consultants have access to the most up-to-date information regarding the market and offer the best local advice possible to our candidates and clients. Get in touch with our Dubai office or view our latest jobs in Dubai and the UAE.

READ MORE

Doing business in Zurich: Trends to watch out for

Doing business in Zurich: Trends to watch out for Since being named as the world’s most sustainable city in 2016, Zurich hasn’t rested on its laurels, continuing to flourish as a place to both live and work. The social, environmental, and economic factors that led to the award are things that the city has long been revered for, but it’s not something that’s happened by accident. With a desire to maintain its reputation as a “centre of economic life and education” (a line coined by the official tourist site myswitzerland.com), investment in Zurich’s local infrastructure continues at pace, while being conscious of its environmental impact; the city is one of the lowest generators of emissions and consumers of water in Europe. Why Zurich attracts businesses and people While it’s regularly ranked as the second-most competitive financial centre in Europe behind London, uncertainties around the future of the UK could well play into Zurich’s hands. Already home to 10 of the world’s largest financial firms, the engineering hubs of tech giants and a giant data centre industry, a local startup scene has emerged attracting talent from amongst the 60,000 students who call the city home. While some will naturally be keen to move into an established household name business when they come out of education, the chance to be a part of something new and exciting is just as attractive to the modern workforce. Zurich offers the best of both worlds. Zurich’s low rate of 3.0% unemployment is on a par with the national average, below that of Basel (3.6%) and Geneva (4.9%) and far better than the European average of 6.8%. The business setup is there to cope, no matter how many people want to call the city home! Sensible city planning Of the 425k people who currently call Zurich home, 68% of them are of working age. That’s 2% above the national average in Switzerland and 3% above European averages. Those may sound like small margins, but in a city that’s seen annual population increases of 1.8% over the past decade, it may look from the outside to be a growing city with limited space to expand. In other regions that could create some serious logistical nightmare — over-urbanisation has a habit of pushing the cost of living way up — however, Zurich isn’t just any other city. The planning department at the City of Zurich recognised this trend well before it became a problem, implementing an active policy to make better use of abandoned industrial sites to provide affordable studio spaces and rehearsal rooms. This has seen great redevelopment in Zurich-West, where the former derelict buildings are becoming lively spaces full of contemporary art. Refurbished shipping containers have become pop-up retail spaces and dingy back streets and railway arches now house some of the most desirable restaurants and cafes in the city. Providing a launchpad While Zurich is home to many large corporate financial services organisations, such as UBS, Credit Suisse, Swiss Re and Zurich Insurance, it’s increasingly becoming known for its positive startup environment. Areas like Kreis 5 provide the perfect spot for coworking, and the many meetups, tech conferences and incubator schemes have helped fuel the thriving startup scene. With the close proximity to those making financial decisions, some for these companies can be expected to break out of startup mode in the coming years. Exactly who it will be is a matter for debate, but there are some strong contenders. Of course, the apple doesn’t fall too far from the tree, and within the financial sector companies such as Advanon and Wefox are attempting to challenge the traditional norms of the industry. The medical folk are arguably even more active when it comes to innovation, with Ava becoming a vital service for women across the world, and Versantis, Xeltis and Cutiss showing strength in the pharma and medical devices field. Whether it’s Selfnation in fashion, ComfyLight in home security, Nezasa in travel or Beekeeper in employee communication, every corner of the city has a potential ‘next big thing’ on its hands. For any company considering where to base their HQ, Zurich surely must close to the top of the list. Make your business move with Swisslinx As a specialist recruitment company providing talent solutions across Switzerland and internationally, we’re proud to stay ahead of the curve when it comes to technology and recruitment trends. With a Zurich base, we are active partners to new startups and larger organisations emerging in the city, and have a thriving network of skilled, vetted candidates ready to make their mark in this market. Find out more about what we offer here.

READ MORE